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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4611 Luradel St, Unit 4631 Portland, OR 97219-6837

    • Garden apartment buildings
    • 41,460 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimations
    $10,625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0805397
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 4611 Luradel St

    Year built
    1974
    Lot size
    1.28 lot acres
    Property size
    41,460 SF
    Zone code
    CG
    Property type
    Garden apartment buildings
    APN
    1S1E30DA 06400
    APU
    1S1E30DA06400

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,623,000
      Market price range: $6.59M - $16.4M
      AI Estimate
      $10,623,000
      Market price range: $6.59M - $16.4M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $11,025,000
      Current use
      RESTAURANT
      $14,200,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $12,660,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $12,525,000
      Change: +14% Conversion: Moderate
      RETAIL STORES
      $12,445,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $11,980,000
      Change: +9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $11,940,000
      Change: +8% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.725
    Latitude
    45.4511
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $103,154
    $0.00
    $0.00
    $3,896,460
    -
    $2,232,320
    $4,723,750
    $6,956,070

    Comparable in this City

    • Value Estimation by Request
      0.75 Acres

      Levy Code

      GARDEN APT, COURT APT (5+ UNITS) • 0.75 Acres
      Levy Code, Portland, OR 97219
      View Details
    • Value Estimation
      $2,980,000
      11,199 SF

      6715 26th Ave

      GARDEN APT, COURT APT (5+ UNITS) • 11,199 SF
      6715 26th Ave, Portland, OR 97219-1964
      View Details
    • Value Estimation
      $13,095,000
      54,588 SF

      7702 45th Ave, Unit 7810

      GARDEN APT, COURT APT (5+ UNITS) • 54,588 SF
      7702 45th Ave, Portland, OR 97219-1556
      View Details
    • Value Estimation
      $12,290,000
      59,011 SF

      10706 Capitol Hwy

      GARDEN APT, COURT APT (5+ UNITS) • 59,011 SF
      10706 Capitol Hwy, Portland, OR 97219-6871
      View Details
    • Value Estimation
      $9,270,000
      43,676 SF

      9863 35th Dr

      GARDEN APT, COURT APT (5+ UNITS) • 43,676 SF
      9863 35th Dr, Portland, OR 97219-6144
      View Details
    • Value Estimation
      $8,085,000
      39,169 SF

      4509 Vermont St

      GARDEN APT, COURT APT (5+ UNITS) • 39,169 SF
      4509 Vermont St, Portland, OR 97219-1048
      View Details

    Similar Nearby for Sale

    • $275,000

      Premium Condo in SW Portland

      Comfortable 2-bedroom, 2-bath condo in a desirable neighborhood.
      7931 SW 40Th Ave, Portland, OR 97219
      View Details
    • $1,125,000
      4,070 SF

      Mixed-Use Building on Barbur Boulevard

      Mixed-use building with apartment and commercial space, great signage.
      8283 SW Barbur Blvd, Portland, OR 97219
      View Details
    • $1,729,900
      3,812 SF

      New Southwest Portland Fourplex

      New construction fourplex with high-end finishes and private outdoor spaces.
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    • $895,000

      Refreshed Duplex in John’s Landing

      One-level duplex with designer finishes, ideal for investors or owners.
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    • $225,000

      Dome House on Garden Home

      Unique dome house on a lot with creek in Portland.
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    • $845,000

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      New homes in Multnomah Village, customizable finishes, energy-efficient features.
      7739 SW 42Nd Ave, Portland, OR 97219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      600 SF

      Mixed-Use Community Retail Space

      Retail space in a new mixed-use community, delivery Summer 2024.
      8200-8224 SW Barbur Blvd, Portland, OR 97219
      View Details
    • $20 SF/Yr
      7,559 SF

      Prime Portland Office Building

      7,559 SF Office Space Available
      1340 Bertha Blvd, Portland, OR 97219
      View Details
    • $16 SF/Yr
      50,333 SF

      Southwest Portland Office Space

      Functional Office Suites, Flexible Leases
      9500 Barbur Blvd, Portland, OR 97219
      View Details
    • $15 SF/Yr
      5,499 SF

      Move-in Ready Office Space

      Office space for lease in SW Portland's Oregon Dairy Building.
      10505 SW Barbur Blvd, Portland, OR 97219
      View Details
    • Contact for pricing

      Office/Retail Space with Highway Access

      Office and retail space with quick highway access.
      11135 SW Capitol Hwy, Portland, OR 97219
      View Details
    • $25 SF/Yr
      3,000 SF

      Retail Space on Barbur Boulevard

      Retail space with high traffic and strong demographics.
      7461 SW Barbur Blvd, Portland, OR 97219
      View Details
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    Portland, OR 97219-6837
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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